Fed begins buying bond ETFs
The Federal Reserve Bank of New York has begun to buy fixed income exchange-traded funds (ETFs) via its Secondary Market Corporate Credit Facility (SMCCF)....
Exclusive: Analysing the battle for US e-Trading in February
The highly competitive corporate bond market saw average daily volumes converge in the US across electronic trading venues in February. The DESK has exclusively...
Can you guess which market has seen the greatest fall in bid-ask spreads, year-to-date?
Two weeks ago, we asked what was crushing the US investment grade (IG) market’s bid-ask spread. However there has been an even greater reduction...
How can high yield be traded efficiently in a risk off environment?
Banks are stepping back from taking risk in high yield trading. Trading in a risk-off environment in normal circumstances can be challenging as spreads...
MarketAxess Q1 revenue up 36%; reports on US spreads
Bond market operator MarketAxess has seen revenues for the first quarter of 2020 increase 36% to US$169 million, up on the US$124.5 million it...
Swedish broker shut for pushing risky bonds and illicit issuer payments
Swedish market regulator, Finansinspektionen (FI), has revoked all permits for Nord Fondkommission AB (Nord FK) to continue trading.
Nord FK is a securities firm whose...
November’s bumper month for fixed income e-trading
Electronic trading platforms have reported a bumper November for fixed income trading, with CME reporting interest rate average daily volume (ADV) up by 42%;...
Get US high yield portfolios in order over summer
June looked decidedly challenging for US high yield (HY) trading, as mean bid-ask (BA) spreads dislocated from the median, indicating spikes in BA spreads...
Bond market venues tussle over market share amid volumes surge
Fixed income trading venues have reaped the rewards of rising trading volumes, but a highly competitive landscape is having an impact on market share.
Market...
Electronic credit platforms report fresh rises in trading volumes for March and Q1
Electronic bond market operators saw a new boost to volumes in March, and in the first quarter more broadly, as volatility in capital markets...
